U.S. – Italy commodity trade and the J-curve: new evidence from asymmetry analysis

被引:0
|
作者
Mohsen Bahmani-Oskooee
Ridha Nouira
机构
[1] The University of Wisconsin-Milwaukee,The Center for Research on International Economics and Department of Economics
[2] EAS and FSEG Mahdia,undefined
[3] Monastir University-Tunisia,undefined
关键词
J-curve; Industry data; The United States; Italy; Asymmetry analysis; F31;
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摘要
Previous studies that tried to assess the J-curve phenomenon for Italy employed linear models and found little support for the phenomenon. In this paper we employ nonlinear models and estimate asymmetric J-curve effects for each of the 58 industries that trade between Italy and the United States. From estimates of the linear and nonlinear models we found support for the J-curve effect in 12 industries. The largest industry with 11.7% trade share was subject to the J-curve effect from the nonlinear model. Estimates of the nonlinear models also supported short-run asymmetric effects in 48 industries but long run asymmetric effects in 29.
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页码:73 / 103
页数:30
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